Other Briefings
Aide to British Prime Minister Victim of Honeytrap Operation in Shanghai?
SHANGHAI, July 21 – A top aide for British Prime Minister Gordon Brown has been the suspected victim of a “honeytrap” operation by Chinese intelligence agents a leading British newspaper reported on Sunday. The Sunday Times is reporting that a senior Downing Street advisor had his BlackBerry phone stolen after being picked up by a […]
The Changing Face of Sourcing in China
July 18 – The made in China label that can be found anywhere from clothing and kitchenware to electronics and medicine, has taken a beating recently, and while product safety remains a concern, China has remained the world’s factory, mainly because there is simply no one else who can do it. Vietnam is simply too […]
China’s GDP Grows 10.4 Percent in First Half, CPI Rises 7.9 Percent
July 17 – China’s gross domestic product grew 10.4 percent to RMB13.06 trillion in the first half over the same period last year, the National Bureau of Statistics said on today. According to the NBS, the primary sector generated RMB1.18 trillion, an increase of 3.5 percent; the secondary sector generated RMB6.74, up 11.3 percent; and […]
Freddie Mac, Fannie Mae Fallout Comes to China
By Jennifer Wu July 14 – Much to the alarm of the United States government and investors everywhere, shares of Fannie Mae and Freddie Mac, the government-chartered mortgage financiers, plummeted last week. Fear bred in the midst of suspicion that the two largest home-loan lenders in America did not have enough capital to survive the […]
Getting Around China’s PSB Hotel Registration
July 14 – You’ve arrived late in a Chinese city, but you left your passport in your office. You need a bed for the night. What can you do? At present, in many Chinese cities, such a scenario—being out and about, without a passport—will prevent you from staying in a hotel. As we reported last […]
Global Fortune 500 List Includes 35 Chinese Firms
July 11- This year’s Global Fortune 500 list included 35 Chinese firms: 26 from the mainland, three from Hong Kong and six from Taiwan. It is the best showing of Chinese companies in the list thus far. The country’s largest refiner Sinopec, led the Chinese group at 16th place, followed by State Grid, ranking at […]
China’s Textile Industry Slumps Amid Slowing Global Economy
July 10 – China’s textile and garment exports have significantly plunged, resulting in a 3.7 percentage decline in the growth rate from September to May. China Customs attributes the slowdown to the rapidly appreciating RMB, increasing production prices, in addition to an export rebate rate cut and the slowing global economy. Xinhua reported that […]
U.S. Study: China’s Economy to Become World’s Biggest by 2035
July 9 – According to a study released by the Carnegie Endowment for International Peace, China’s economy will become twice its size and surpass the United States as the world’s biggest by 2035. The study called, China’s Economic Rise—Fact and Fiction, by Albert Keidel says the country’s engine of growth is fueled by domestic sales […]
